Odaily Planet Daily reports: Macro researcher Adam from Greeks.live posted on X that the options expiration data for July 3 showed 31,000 BTC options expired, with a Put/Call Ratio of 0.7, the highest open interest at $61,000, and a notional value of $1.9 billion; 135,000 ETH options expired, with a Put/Call Ratio of 1.29, the highest open interest at $1,650, and a notional value of $230 million.
Bitcoin reclaimed the key psychological level of $60,000 this week, but the long-term downtrend has not yet ended; selling pressure from strategies and ETFs has shifted market sentiment, turning the largest buyers into sellers. Major options data shows that over 8% of options expired this week, with BTC GEX concentrated at $60,000 and ETH GEX at $1,700. This week, ETH’s Put/Call Ratio reached 1.29, indicating a higher proportion of put options and rising market risk-off sentiment. Recent attention has been focused on U.S. equities; while tokenization of U.S. stocks is gaining traction in crypto, the focus on AI and semiconductors is still transitioning back to the crypto space and will take time.